Imports of unwrought copper and copper products for the year totalled 5.53 million tonnes, down 17.2% from 2020's record volume of 6.68 million tonnes.
Indonesia has played a key role in global markets as a bulk materials supplier, but President Joko Widodo has pledged to eventually stop exports of all raw commodities to turn the country into a major manufacturing hub for electric transportation.
According to IDTechEx, electrification is inevitable as is the EV industry’s focus on environmentally friendlier materials and supply chains, and safer products.